Bank of Canada considered leaving rates unchanged, governor tells Reuters
The Bank of Canada considered leaving its key policy rate at 3% ahead of a scheduled announcement before concluding it needed to cut for the seventh consecutive time, Governor Tiff Macklem said in an interview on Wednesday.
Bank of Canada Cuts Policy Rate to 2.75% as Economy Faces ‘New Crisis’
The central bank must balance the risk of tariff-fueled higher inflation and the damage to growth from U.S. trade policy, Gov. Tiff Macklem says.
Bank of Canada Cuts Rates, to Move ‘Carefully’ Amid Tariffs
The Bank of Canada cut interest rates by a quarter percentage point and called the trade battle with the US a “new crisis,” but pushed back on expectations that policymakers were on a predetermined cutting path.
Bank of Canada to be cautious about future rate moves: Full text
OTTAWA, March 12 (Reuters) - The Bank of Canada released the following statement on Wednesday:
Interest rate cut to reduce the impact of trade war: CPA Canada’s chief economist
The Bank of Canada’s decision to cut its key interest rate aims at softening the impact of an escalating trade war with the U.S. as the Canadian economy begins to falter from its strong footing at the start of 2025.
Bank of Canada cut a 'Band-Aid': Economists say interest rates have further to fall
The Bank of Canada cut interest rates by 25 basis points to 2.75 per cent — the seventh consecutive reduction — as it finds itself grappling with uncertainty created by United States President Donald Trump’s tariff onslaught.
Bank of Canada likely to cut rates 25 bps to cushion economy from tariffs
The Bank of Canada will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against U.S. tariffs, several economists said.
Bank of Canada cuts key rate, cites 'pervasive uncertainty' of U.S. tariff threats
Bank of Canada governor Tiff Macklem, who cut the bank's key interest rate on Wednesday to 2.75 per cent, says trade conflict with the U.S. can be expected to 'weigh on economic activity, while also increasing prices and inflation.
U.S. trade 'crisis' will drive up prices, Bank of Canada warns after rate cut
Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade war with the United States.
Wealth Professional17d
Tiff Macklem warns, "A new crisis is on the horizon" as US tariffs threaten Canada's economy
Bank of Canada Governor Tiff Macklem has warned that US tariffs and Canada’s planned retaliatory measures could severely harm the economy, reducing growth while increasing inflation.
Forex Factory2h
Canada between rock and hard place
As expected, the Bank of Canada (BoC) cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75%, the lowest since September 2022. In his prepared ...
BoC Governor Macklem: Our estimate of neutral is centred on 2.75%
Bank of Canada (BoC) Governor Tiff Macklem discussed the central bank’s policy outlook and answered questions from the media after the BoC lowered its policy rate by 25 basis points to 2.75% at the ...
Bloomberg L.P.20d
Macklem Says ‘Not the Time’ to Rethink 2% Inflation Target
Bank of Canada Governor Tiff Macklem launched the central bank’s review of its framework, but strongly suggested that officials are likely to re-endorse the bank’s current approach to ...
The Globe and Mail21d
Tiff Macklem warns prolonged trade war with U.S. would permanently weaken Canadian economy
Bank of Canada Governor Tiff Macklem warned that a full-blown trade war with the United States would permanently weaken the Canadian economy and cautioned that the central bank has few tools to ...
Tiff Macklem outlines what tariffs could mean for inflation in Canada
Bank of Canada governor Tiff Macklem, who cut the bank's key interest rate on Wednesday, said the bank expects tariffs to ...
Bloomberg L.P.20d
Bank of Canada’s Macklem Doubts Core Inflation Gauges, Pledges Review
Bank of Canada Governor Tiff Macklem says underlying price pressures may be cooler than indicated by the central bank’s two preferred measures of core inflation. Inflation data for January ...